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COLONIAL GROUP NOTICE OF DISTRIBUTION DECLARATION FOR COLONIAL INTERMEDIATE HIGH INCOME FUND

 BOSTON, Sept. 20 /PRNewswire/ -- The following regular monthly distribution has been declared by the Dividend Committee of the Fund's Board of Trustees:
 COLONIAL INTERMEDIATE HIGH INCOME FUND (NYSE: CIF)
 Current Month Prior Month
 Dividend amount: $0.058 $0.060
 Payable date: Oct. 15, 1993 Sept. 10, 1993
 Record date: Sept. 30, 1993 Aug. 31, 1993
 The Colonial Intermediate High Income Fund distribution with a record date of Sept. 30, 1993, and payable date of Oct. 15, 1993, will be $0.058 per share. This represents a $0.002 per share reduction from the $0.06 per share rate which has been paid monthly since November 1992.
 The high yield corporate bond market has recovered substantially since the Fund's monthly distribution rate was last adjusted 11 months ago. This recovery in individual bond prices has been reflected in an increase in the net asset value of The Colonial Intermediate High Income Fund shares.
 At the same time, however, the strengthening of the high yield market has reduced the Fund's ability to generate income. Corporate bond issuers have retired many of the higher yielding issues and, with improved balance sheets, are issuing new debt at lower interest rates. These new bonds provide less income to the Fund.
 The Colonial Intermediate High Income Fund distribution of $0.058 per share continues to be very attractive when compared to other taxable fixed-income alternatives.
 -0- 9/20/93
 /CONTACT: Tad Gillespie of The Colonial Group, 800-225-2365/
 (CIF)


CO: The Colonial Intermediate High Income Fund ST: Massachusetts IN: FIN SU:

DJ-JL -- NE023 -- 3587 09/20/93 10:54 EDT
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Publication:PR Newswire
Date:Sep 20, 1993
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